​TSX rebounds as energy stocks improve and industrial data exceeds expectations

​TSX rebounds as energy stocks improve and industrial data exceeds expectations

​TSX rebounds as energy stocks improve and industrial data exceeds expectations It’s been a more positive day’s trading on the Toronto Stock Exchange as a rise in the oil price together with good news on employment and retail sales in the US helped improve energy stocks. There was also better news on the domestic front with new figures from StatsCan showing that industrial capacity utilization was at its highest level since the first quarter of 2006. Manufacturing and construction both grew in the third quarter of this year and the overall use of industrial capacity was 83.4 per cent; better than the expected 83.1 per cent.

The S&P TSX Composite Index closed up 52.17 points (0.38 per cent)

The NYSE closed higher

Oil is trending lower

Gold is trending higher

The loonie is up against the US dollar